DGAP-News: LAMBDA TD Software Inc.: LAMBDA TD Software Doubles Revenue in 3rd Quarter 2011
(firmenpresse) - DGAP-News: LAMBDA TD Software Inc. / Key word(s): Miscellaneous
LAMBDA TD Software Inc.: LAMBDA TD Software Doubles Revenue in 3rd
Quarter 2011
24.10.2011 / 11:01
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Total gross profits exceeding $1.2 million in first 9 months of 2011
LAS VEGAS (NV): LAMBDA TD Software Inc. (FRANKFURT, Symbol: XLS, ISIN:
US51327T1051, WKN: A0YJT2) today announced financial results for the third
quarter of 2011. LAMBDA reported third quarter sales of $634,596 which
brings the total 2011 revenue by September 30 to $1,386,928. Gross profit
for the third quarter is $596,696, totaling $1,255,286 for the nine months
of 2011. LAMBDA was able to more than double its second quarter results.
Robert M. Corcoran, CEO of LAMBDA TD Software, comments, 'I am excited to
report that this third quarter was our most productive quarter in 2011 yet.
By September 30 our company generated a total 2011 net income of $657,610,
with $223,796 in this quarter alone. Over the past months we were able to
further diversify our project base and aggressively extend our pipeline of
deals that led to LAMBDA implementations in several large upscale villas
and mansions, which initial revenues of that already reflected in these
third quarter results.'
Pushing the implementation of LAMBDA's large multi-hundred unit projects,
such as Nevada-based Mira Villa, forward, while simultaneously further
diversifying LAMBDA's customer base with large upscale villas in Nevada and
California, and extending LAMBDA's revenue streams through exclusive
partnerships with industry leading system integrators, such as Canada-based
Condoplex Inc, has proven to be the key strategy for LAMBDA throughout the
last months. Revenues of above have only started to come in in the third
quarter and are expected to increase over the coming months. Stay tuned for
further news in this regard to be announced shortly.
Please note that these financials were independently audited. LAMBDA TD
Software is emphasizing its commitment to maximal transparency for
investors. Even though not required as a First Quotation Board listed
company, LAMBDA aligns itself with disclosure standards of Deutsche
Boerse's higher Entry Standard level to optimize company access for
investors.
** END OF NEWS RELEASE **
Lambda TD Software Inc (DE: XLS Frankfurt, Xetra) is an independent,
exchange listed company operating in the segment of 'Energy Optimation /
Smart Home Automation'.
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Lambda TD Software Inc. as of the date hereof, and actual
results may vary based upon future events, both within and without the
control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Registered office:
Lambda TD Software Inc., 26132 Avenida Bonachon Mission Viejo, California
92691
www.lambdatdsoftware.com
ISIN: US51327T1051
WKN: A0YJT2
Stock Exchanges: Frankfurt, Xetra, Berlin, Stuttgart
End of Corporate News
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143196 24.10.2011
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